New Tax Rates for Miners’ Earnings
Russia has introduced new cryptocurrency mining regulations under federal law No. 259-FZ, requiring miners to report earnings by the 20th of each month and operate under approved entities. Federal Tax Services (FNS) allows miners to declare income through their personal accounts. Digital currencies are classified as property, with income tax of up to 2.4 million rubles and 15% income tax on income starting in 2025. Mining operators must report data to local authorities and impose non-compliance as a fine, deducting mining activities with the mining industry. Taxation and regulatory framework.
